Master's Programme in Industrial Engineering and Management


Master of Science (Technology).
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120 ECTS

Field of Study:

Technology and Engineering


2 years, full-time


An appropriate Bachelor´s degree or an equivalent qualification.

Tuition fees & scholarships:

Yes, for non-EU citizens.
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Language of Instruction:

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Organising school/s:

School of Science

Application period:

2017-12-15 - 2018-01-24

Industrial Engineering and Management

Focus on proactive problem solving and learn to utilize your engineering mind-set in developing business!

Master’s Programme in Industrial Engineering and Management (IEM) educates engineers who can develop and lead businesses with an entrepreneurial mindset. The programme combines engineering with economic and human fundamentals to create value and efficiency. IEM studies explore the foundations of business and engineering processes, and inspire a systemic, solution-oriented engineering mindset to develop business.

The distinctive feature of IEM at Aalto University is its focus on strategic and entrepreneurial leadership in business development, complementing the approaches of classical industrial engineering on developing processes and complex systems. This combination emphasizes the focus on the capability to solve the right problems right, i.e. identify needs, define problems accordingly, and solve them effectively.

Creating value through proactive problem solving

The IEM program provides a cross-disciplinary skill set consisting of mathematical, technological, economic, and social competences that focuses on proactive problem solving in value creating processes. In essence, the ethos of IEM studies emphasizes a systemic, solution oriented engineering mindset. Building on these foundations, the program develops strong competencies for the creation and transformation of technology-based business combining strategic, operations, and people perspectives.

Study programme

The IEM curriculum combines research-based insights - theories, analytical frameworks, and latest research knowledge - with experiential learning: cases, assignments, and teamwork. The focus areas of the current curriculum (2017-18) are:

Leadership and Knowledge Management

The major in Leadership and Knowledge Management focuses upon people in technology-based work, and investigates leadership, collaboration and the human potential as critical success factors for creating and transforming technology-based organizations.

The mission of the major is to promote the role of people for the success of companies, public organizations and society at large. Research and teaching concentrates on the fundamental human factors that affect sustainable growth in technology-intensive environments. With particular emphasis on engineering and innovation, the center of interest is upon leadership and self-leadership, interaction, knowledge sharing, learning, collaboration, wellbeing and attitudes of people in the context of work. 

See detailed course data >>

Operations and Service Management

Operations management covers issues from operations strategy to efficient execution of operations, i.e., from configuring appropriate resources and processes into a production system that best contributes the organization’s goals and competitive advantage to managing the production system in order to provide the best match with demand and supply.

The major in Operations and Service Management builds on the generic principles on operations management but emphasizes the novel ways of encountering the challenges and utilizing the opportunities related to creating and transforming technology-based business.

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Strategy and Venturing

The major in Strategy and Venturing develops leaders and experts in strategic management and new business development capable of leading and transforming existing business and building new business. The understanding of and skills in strategic management and venturing are complemented with understanding of operations and people skills and studies in the context of technology-based business.

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The degree consists of a major (45 ECTS), a minor (20 ECTS), elective studies (25 ECTS), and the Master’s thesis (30 ECTS).

Degree structure of IEM

Career opportunities

Studies in Industrial Engineering and Management lead to diverse career paths. Careers in service industry, research and development, and business development and management are common, as are also service purchasing and requirements engineering in both public and private sectors. Expert positions in consulting, research or educational organisations are possible as well.

Typical job titles of recent graduates include e.g. Analyst, Consultant, Contract Manager, Product Manager, Purchasing Engineer, Risk Management Consultant, Risk Specialist, Service Development Engineer, Services Manager, Sourcing Specialist, Specialist - Process Development Logistics, Supply Chain & Quality Manager, Strategy Analyst, Technical Consultant, …

Our recently graduated alumni work e.g. in the following companies: ABB, Accenture, A.T. Kearney, Bain & Company, The Boston Consulting Group, Capacent, Enevo Inc., FA Solutions, Fazer, Finnair, Fiskars, KONE, Konecranes, McKinsey & Company, Metso, Neste, Nordic Healthcare Group, NOKIA, Nordea Markets, Normet Corporation, Palmu, Reaktor, Reddal, RELEX Solutions, Rovio, Siemens Energy, Sievo,,  SOK, Stora Enso, Telia Company, UBS, Wärtsilä,…

The programme provides also an excellent basis for doctoral studies. Further information on the research conducted at the Department of Industrial Engineering and Management can be found from the department website (

Tuition fees and scholarships

Non-EU/EEA students selected to the programme will be charged tuition fees. They are eligible to apply for scholarships awarded from the Aalto University Scholarship programme. See further information >>

Since our Master’s theses are typically commissioned by companies, students are often paid for the thesis-related employment. The Department of Industrial Engineering and Management also recruits successful students for summer jobs and research projects. 

Admission requirements

General admission requirements

The general eligibility requirements are the same for all Master's programmes in the field of science and technology. Please see also the requirements concerning language skills.

The eligibility of the applicants and the authenticity of the requested documents are reviewed in a centralised manner at the university's Admission Services after which the applications are submitted to the programme for academic assessment.

Specific admission requirements for Industrial Engineering and Management

The Department of Industrial Engineering and Management is responsible for the academic evaluation of the applications. The Departmental Selection Board executes the evaluation. The number of student places is limited and the evaluation process is highly competitive. If the number of acceptable applicants exceeds the admission quota, the board will only select the highest ranked applicants. The number of student places does not need to be filled if there are not enough sufficiently acceptable applicants.

The criteria for the academic evaluation are:

  • previous academic performance (grades)
  • content of the previous degree(s)
  • motivation for pursuing the Master’s degree

The previous academic performance is the most important criterion. When evaluating each applicant’s academic performance, we emphasize the grades achieved in the degree that gives the eligibility for applying. The recognition of the applicant’s home university also affects the final interpretation of the academic performance. The Selection Board reserves the right to decide how degree studies and the applicant’s home university match the criteria concerning relevance or recognition.

Learn more about the evaluation of applications

The evaluation process has two phases. The first phase screens out the applications that do not indicate both outstanding academic performance and suitable previous degree studies. The second phase ranks the remaining acceptable applications according to all the aforementioned criteria.

In order to surpass the first phase, an applicant should have a valid degree in the field of engineering, or some other field relevant to Industrial Engineering and Management. The programme aims at an integrated skill set consisting of mathematical, technological, economic, and social competences. Foremost, the official transcript of the applicant’s degree studies should indicate a good technological foundation, i.e. studies in science, engineering mathematics and one clearly technological discipline, supplemented with basic engineering reasoning and problem solving skills. Therefore, we prefer applicants with B.Sc. degrees in engineering or compatible fields in computer science, natural sciences, or mathematics.

Furthermore, the application should demonstrate basic knowledge of management science, covering at least the basic concepts of markets and competition, operations management, organizational behaviour and financial management. Relevant work experience, professional certificates or online courses are considered but they do not directly compensate for the university level studies that include also the theoretical foundations of the required subjects. The desired amount of management studies is 25 ECTS.

In order to prove outstanding academic performance, the degree certificate and/or the official transcript of university records should clearly indicate that the applicant has been among the best students (top 10-15%) in his or her home university. For example, an applicant has achieved consistently the best grades throughout the degree studies (very high weighted average grade or GPA), which typically leads to graduation with distinction. This would mean that for applicants from Finnish universities applying the grading scale 1-5, the expected GPA is generally at least 4.0.

In the second phase of evaluation, we rank the remaining acceptable applications according to all the aforementioned criteria, especially evaluating the ability and motivation for pursuing the Master’s Degree in Industrial Engineering and Management as a whole. We seek applicants who will complete the programme successfully in due time. The academic performance is the most important criterion but the other two criteria – the content of previous degree(s) and the motivation for pursuing the degree - can distinguish otherwise even applications. The curriculum vitae and the motivation letter become important compulsory documents. The additional documents provide evidence that support the profile created by these compulsory documents.

Besides the grade point average, we also consider the applicant’s previous time-to-graduation. If the applicant has several relevant degrees, all attached information will affect the assessment but we value consistent performance throughout the academic record. However, the level of the highest degree achieved is not a proof of academic performance in this context.

The content of the previous degrees can affect the evaluation in several ways, both positively and negatively. While the extent of the technological studies would have been sufficient to qualify for the second phase of evaluation, they are re-evaluated and put into comparison with other applicants. In addition, deficiencies in the prerequisites concerning management studies may weaken the application although a student may later compensate minor deficiencies by compulsory supplementary studies or adjustments in the personal study plan (HOPS). We also take into consideration that degree in the Master’s Programme in Industrial Engineering and Management will give the applicant genuinely new knowledge. In this respect, the number of degrees or amount of studies is not an advantage as such. Overlapping degrees create a clear disadvantage.

The motivation letter should describe not only interest in the field but properties and willingness to achieve the degree and the targets set by the programme. If an applicant already has a M.Sc. or higher academic degree, he or she should describe thoroughly his/her motivation to join and graduate from the program. To improve knowledge in management does not require degree studies because the Finnish educational systems offers other possibilities for this. For example, non-degree or open university studies are recommended to complement the earlier degree or to improve one’s professional skills.

Application documents

In addition to the compulsory application documents, the following, additional application documents are appreciated:

  • Relevant Master's Degree certificate (if available) (officially attested)
  • Certificates of relevant university-level non-degree studies
  • Letter of recommendation (at least one). The recommendation should be written by a person who has supervised you in either academic or employment capacity. The recommendation must be delivered in a sealed envelope. The recommendation should be specifically addressed for the Master's Programme in Industrial Engineering and Management
  • Relevant letters of reference (work certificates) and other certificates of relevant activities. In case you have work experience or other activities that could support your application, include copies of these documents to your application.
  • Results of GRE- or GMAT-test (if available, please submit a paper copy of your test report)

The number of references or recommendations is not decisive but they complement the assessment of the applicant’s capabilities, motivation and dedication.

Applicant’s motivation letter (compulsory part of the online application form) should be written in English. Also additional application documents described above (recommendations letter(s), work or other certificates) should preferably be submitted in English. If some other language than English, Finnish or Swedish is used in them, the applicant must provide precise, word-for-word translations of them.

Contact information

Location: Aalto University School of Science, Otaniemi Campus, Espoo


  • For enquiries regarding the application process, application documents and language requirements, please read instructions first. If you cannot find an answer to your question, contact Aalto University Admission Services at admissions [at] aalto [dot] fi.
  • For enquiries regarding the contents of studies in Industrial Engineering and Management, please contact Master Admissions at the School of Science at masters-sci [at] aalto [dot] fi.

Page content by: | Last updated: 20.12.2017.